​Hong Kong and UAE Central Banks Join Forces on Crypto Regulat | Crypto Bubble

​Hong Kong and UAE Central Banks Join Forces on Crypto Regulations

Both Hong Kong and the United Arab Emirates (UAE) have strengthened ties after their respective central banks (CBUAE) and monetary authorities (HKMA) agreed to join forces on crypto regulation earlier this week.

The parties held a meeting in Abu Dhabi on Monday to “enhance collaboration between the financial services sectors of the two jurisdictions,” according to a press release from the HKMA published yesterday.

The topics discussed included financial infrastructure, financial market connectivity between both regions and “virtual assets regulations.” Both central banks also sparked discussions between their respective innovation hubs on “joint fintech development initiatives and knowledge sharing efforts.”